8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

　

FORM 8-K

　

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: August 11, 2009 (Date of earliest event reported)
Corning Natural Gas Corporation (Exact name of registrant as specified in its charter)
New York (State or other jurisdiction of incorporation)	000-00643 (Commission File Number)	16-0397420 (I.R.S. Employer Identification No.)

330 West William Street, Corning, New York (Address of principal executive offices)	14830 (Zip Code)

(607) 936-3755

(Registrant's telephone number, including area code)

　

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

　

　

Item 8.01 Other Events

On August 10, 2009, Corning Natural Gas Corporation (the "Company") issued a press release announcing the results of its recent equity offering. The Company raised approximately $2.8 million dollars.

Pursuant to General Instruction B, subsection 2, of Form 8-K, Exhibit 99.1 is not "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, but is instead furnished as required by that section.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release of Corning Natural Gas Corporation dated August 11, 2009.

　

　

　

　

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Corning Natural Gas Corporation By: /s/ Michael German Name: Michael I. German Title: President and Chief Executive Officer
Dated: August 11, 2009

　

　

EXHIBIT INDEX

　

Exhibit Number Description

99.1 Press Release of Corning Natural Gas Corporation dated August 11, 2009.

EX-99

NEWS RELEASE

CONTACT: Jerry Sleve

Vice President - Administration

Phone: (607) 936-3758 ext. 223

Fax: (607) 962-2844

Date: August 11, 2009

FOR IMMEDIATE RELEASE

Corning Natural Gas' Rights Offering Successfully Completed

Corning, N.Y. (Tuesday, August 11, 2009) - Corning Natural Gas Corporation (CNIG.OB), a natural gas distribution company, announced that it had raised approximately $2.8 million in equity from the early exercise of warrants.

The Company will use the equity to further restructure debt and to invest in capital projects. "Corning Natural Gas is committed to continuing to invest in financially attractive growth projects as well as infrastructure rehabilitation," said Jerry Sleve, Vice President of Administration.

On July 1^st, 2009, Corning offered to all its existing warrant holders the right to exercise their warrant certificates at a reduced exercise price of $15.00/share for the period from July 6^th through August 5, 2009. The Company had 302,632 warrant certificates outstanding, resulting in a possible 211,842 shares of common stock that could be issued. A total of 265,362 warrants were exercised and 185,756 shares of common stock issued.

Mike German, President of Corning Natural Gas stated, "We are delighted with the results of the offering as it illustrates a high degree of confidence in the Company." Mr. German noted that the success of this equity offering will strengthen the balance sheet and allow the Company to implement its growth initiatives.

Mr. Sleve stated, "We thank all warrant holders who chose to exercise their warrants for their financial support and remind those warrant holders who chose not to exercise their warrants that they continue to be available at the original price of $19.00 per share until August 17, 2011 as stated in the original Rights Offering prospectus, dated July 17, 2007."

Corning Natural Gas Corporation, headquartered in Corning, NY, continues its one-hundred five year history as a New York State public utility providing natural gas service in the Finger Lakes region to nearly 15,000 residential, industrial and commercial customers. Learn more at www.corninggas.com

Safe Harbor Regarding Forward-Looking Statements

Some of the statements that we make in this press release, including statements about our confidence in the company's prospects and strategies are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Some of these forward-looking statements can be identified by words like "believe," "expect," "will," "should," "intend," "plan," or similar terms; others can be determined by context. Statements contained in this release that are not historical facts are forward-looking statements. These statements are necessarily estimates reflecting our best judgment based upon current information, and involve a number of risks and uncertainties. Many factors could affect the accuracy of these forward-looking statements, causing our actual results to differ significantly from those anticipated in these statements. You should not place undue reliance on our forward-looking statements, which reflect our analysis only as of the date of this report. The risks and uncertainties listed above and in documents that we file with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and any current reports on Form 8-K, must be carefully considered by any investor or potential investor in Corning.

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